The U.S. poses the largest security challenge in the South China Sea as its military deployment there is turning it into “the whirlpool of an arms race”, Chinese Vice Foreign Minister Sun Weidong said in remarks published on Sunday.Recent maritime run-…
China Says US Provoking Arms Race in South China Sea Read More »
Britain’s defence ministry said on Sunday a statement by Yemen’s Houthis that they had fired ballistic missiles at a British destroyer in the Red Sea was false.The Houthis did not say whether the attack they said they had carried out on the HMS Diamond…
UK Dismisses Statement by Houthis Saying They Attacked Destroyer Read More »
Two ships caught on fire after being hit by projectiles off Yemen’s Aden, two UK maritime agencies reported on Sunday.The British security firm Ambrey said on Sunday an Antigua- and Barbuda-flagged general cargo ship was struck by a missile 83 nautical…
Two Vessels Catch Fire After Missile Strikes off Yemen Read More »
A new set of market fundamentals is set to have an impact on the product tanker market’s future course. In its latest weekly report, shipbroker Gibson said that “the long-awaited change in the product tanker market due to the 650kbd Dangote refinery st…
Changing Tides Ahead for the Product Tanker Market Read More »
The newest global Container Port Performance Index (CPPI) reveals that East and Southeast Asian ports excelled in 2023, accounting for 13 of the top 20 places. Developed by the World Bank and S&P Global Market Intelligence, the fourth edition of CP…